Ikea chief Ingvar Kamprad packs it in

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Some 71 years after he set up shop in a remote Swedish farm, Ingvar Kamprad is
finally stepping back from Ikea, the company he founded as a teenager.

The enigmatic 88-year-old relinquished his role as group chief executive in
1986, but has remained an influential figure because of Ikea’s complex and
highly unusual ownership. Mr Kamprad quietly resigned from the boards of the
two foundations that own Ikea late last year, a spokeswoman confirmed.

He leaves behind a company whose flatpack furniture has left its mark on homes
across the world and an ownership structure designed to guarantee the
endurance